TechFlow news, January 14 — 0xngmi, founder of DefiLlama, posted on X stating: "Yesterday saw another classic case: a project team first raised funds through equity financing from VCs, then further raised capital via token and NFT sales, issuing tokens resembling equity, and was eventually acquired for a nine-figure dollar amount. However, equity holders (including investors, founders, and employees) received full proceeds, while token holders got nothing."





